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dionne of the brookings institution, georgetown university and the washington post. happnew ar tall of you that's our program for now. i'm bob abernethy. you can follow us on twitter and facebook and watch us anytime on the pbs app for iphones and ipads. there's always much more on our website as well. you can comment on all our stories and share them. audio and video podcasts are also available. join us at pbs.org. as we leave you, music from the choir of trinity church wall street, in new york. ♪ additional funding also provided by mutual of america. designing customized individual and group retirement products. that's why we're your retirement company. the jane henson foundation and the corporation for public broadcasting.
dionne of the brookings institution, georgetown university and the washington post. happnew ar tall of you that's our program for now. i'm bob abernethy. you can follow us on twitter and facebook and watch us anytime on the pbs app for iphones and ipads. there's always much more on our website as well. you can comment on all our stories and share them. audio and video podcasts are also available. join us at pbs.org. as we leave you, music from the choir of trinity church wall street, in new...
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washington or the private economy? >> well, i think, actually if you look at a couple of indicators, it's not good for at least the first half of 2013. one is business investment. business investment is now weaker than in 2008. and on top, so you have lots of companies sitting on their hands and you also have small business confidence taking a huge hit in november, which is very worrying. and person per capita, person income. >> it's still down from even at the start of this recovery. steve, you wanted to get in there? >> yeah, let me be the bull here for a minute. we talk auld time about the energy sector and it's not just the energy sector, we've had a mini renaissance in manufacturing in this country, in transportation because of the fact the energy prices are falling and makes the american much more competitive at the margin. i think 2013 is going to see continued declines in energy prices. that's like a tax cut for the american consumer, paul. >> but, paul, the thing we haven't mentioned here is unemployment. we'v
washington or the private economy? >> well, i think, actually if you look at a couple of indicators, it's not good for at least the first half of 2013. one is business investment. business investment is now weaker than in 2008. and on top, so you have lots of companies sitting on their hands and you also have small business confidence taking a huge hit in november, which is very worrying. and person per capita, person income. >> it's still down from even at the start of this...
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find out how some states are bucking the washington trend next. >>> washington may have made a big left turn this year, but in states across the country, another kind of reform is in the air. we begin in mech mitch which this month -- in michigan which was the 24th right to work state. we are back with jason riley and kim strossel and senior economic writer steve moore also joins the panel. steve, this is really an interesting story that i don't think gets of attention. the reforms taking place across the country in a>> lot of states. who are the stars you are looking at? >> i entirely agree with your premise, paul. if you talk about the demise of the republicans on the national level, we are not really seeing that on the state level. 30 republican governors today in america. the republicans actually picked up a governorship in north carolina. so the south now is almost entirely republican whereas justen 25 years ago it was pretty entirely democratic. it is not just the south. states like utah and idaho and others. >> what are they doing with that power? that's the interesting thing. >>
find out how some states are bucking the washington trend next. >>> washington may have made a big left turn this year, but in states across the country, another kind of reform is in the air. we begin in mech mitch which this month -- in michigan which was the 24th right to work state. we are back with jason riley and kim strossel and senior economic writer steve moore also joins the panel. steve, this is really an interesting story that i don't think gets of attention. the reforms...
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"the washington times." will go to the democrat line, charles from texas. caller: first, i have a question. this morning when i was watching the news, did i understand that congress is getting a raise next year? host: we will have a story on that later. caller: i think they should lead by example. they need to take a pay cut if we are taking pay cuts. we need to stop foreign aid all the way around. host: will that be enough to solve the debt problem? caller: know, there needs to be tax increases and spending cuts, but i do not think it has to come out of social security and medicare and medicaid. i think foreign aid and whistle spending, and i also think -- wasteful spending, and i also think that tax breaks are an entitlement because nobody gets them equally. host: i want to go from mike -- go to mike from the independent line. caller: i would like to say that this fiscal cliff is a charade. it is promoted by the media. it has nothing to do with fixing our economy. the president has had an opportunity to go
"the washington times." will go to the democrat line, charles from texas. caller: first, i have a question. this morning when i was watching the news, did i understand that congress is getting a raise next year? host: we will have a story on that later. caller: i think they should lead by example. they need to take a pay cut if we are taking pay cuts. we need to stop foreign aid all the way around. host: will that be enough to solve the debt problem? caller: know, there needs to be...
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baristas at the 120 starbucks in washington, d.c. were encouraged by management to add a shot of bipartisanship to their drink orders and remind customers in our nation's capital to come together. >> wall street is typically quiet her this time of year, of course, this last week of 2012 was marked by investor concerns over congress' new year's eve plans and that looming fiscal cliff. so what impact does it have on your money? alison deans is with us, senior adviser at varick asset management. nice to see you. happy new year. do you have two plans for 2012, one that includes the fiscal cliff and one that doesn't? how do you prepare for the new year as an investor? >> pretty much. i mean, the outcome, if there is some type of healthy resolution to the fiscal cliff, even if they defer it for a week or two but come up with some healthy resolution, i think it bodes really well for global markets. if we wind up going into fiscal cliff and the world loses any faith in our government to accomplish anything that's helpful or relevant, i think
baristas at the 120 starbucks in washington, d.c. were encouraged by management to add a shot of bipartisanship to their drink orders and remind customers in our nation's capital to come together. >> wall street is typically quiet her this time of year, of course, this last week of 2012 was marked by investor concerns over congress' new year's eve plans and that looming fiscal cliff. so what impact does it have on your money? alison deans is with us, senior adviser at varick asset...
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look at what is going on in washington. the intent and incompetence, they are not doing anything to make things better. he looked at all the mney being dumped into the system, not only the united states of worldwide. we have a new prime minister of japan who now has told the bank of japan, print that money, catch up to the united states, europe, china. they're just dumping this money to the system to keep it going. as you mentioned, housing tarts , housing prices. tom: i have to tell you, i think i'm in yur camp on this one. i'm a be gloomier than the one housing because i don't see the fundamentals re still wrong. the people that are buying homes are investors paying all cash. maybe some starter homes, but the mortgages are still tough to get. the appraisers are still tough appraisals to get. and you have one at the three people in this country under water. i still don't see the fundamentals of the old buy and sell transaction sapping get. >> vote for me. on make things better. >> exactly. >> year 100 percent right. the on
look at what is going on in washington. the intent and incompetence, they are not doing anything to make things better. he looked at all the mney being dumped into the system, not only the united states of worldwide. we have a new prime minister of japan who now has told the bank of japan, print that money, catch up to the united states, europe, china. they're just dumping this money to the system to keep it going. as you mentioned, housing tarts , housing prices. tom: i have to tell you, i...
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they don't think they were sent to washington to be partisans. they think they were sent to solve the nation's problems. and number three, the problems and particularly dramatized by the terrible events at newtown, the problems are there to be addressed. and i think that this is a defining moment. i think it is going to change. >> and we do need to have some really, really great minds come back in, like lugar and snowe >>> as part of the latest defense budget congressional leaders around the administration put acrimony aside to come together switching export licensing authority for commercial satellites from the state department to the commerce department. state gained control of those licenses in 1999 after china obtained secret satellite technology by launching american-made commercial satellites in orbit, improving the accuracy of beijing's missiles but tougher standards cost u.s. satellite makers more than $21 billion in sales as frustrated customers turned to european and asian suppliers. the obama administration has been keen to reform the
they don't think they were sent to washington to be partisans. they think they were sent to solve the nation's problems. and number three, the problems and particularly dramatized by the terrible events at newtown, the problems are there to be addressed. and i think that this is a defining moment. i think it is going to change. >> and we do need to have some really, really great minds come back in, like lugar and snowe >>> as part of the latest defense budget congressional...
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it's time for us in washington to do the same. here in the senate, it seems to me that we're always fighting about something. that might not change any time soon, but more often than not, i believe that we can raise to the common ground of great national purpose and i believe with all of my heart that this is one of those times. thank you, mr. president. and i yield the floor. i suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: mr. durbin: mr. president? the presiding officer: the assistant majority leader is recognized. mr. durbin: ask consent the quorum call be lifted. the presiding officer: without objection. mr. durbin: mr. president, i rise with the intention of asking consent for the immediate passage of s. 215, the increasing american jobs through greater exports to africa act, legislation i've introduce in the senate with senators boozman, coons, cardin and landrieu, and that is being sponsored and led in the house of representatives by congressman chris smith and congresswo
it's time for us in washington to do the same. here in the senate, it seems to me that we're always fighting about something. that might not change any time soon, but more often than not, i believe that we can raise to the common ground of great national purpose and i believe with all of my heart that this is one of those times. thank you, mr. president. and i yield the floor. i suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: mr. durbin: mr....
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remarkably however in the last week, suddenly regulations are pouring out of the bureaucrats in washington and hundreds of pages of them. but the bottom line is as you know having been a governor yourself that states that have to balance their budget such as the state of gorming george, we are struggling in this downturned economy to meet the obligations that we already have with regard to health care, particularly with regard to medicaid. to have an unknown cost factor thrust upon us is something that would be irresponsible in my opinion for us to assume. >> and that is the point they don't understand about medicaid. they said we will take care of your expenses and setting up the exchange and making the massive medicaid expansion. but the states have to pay a portion. and even if the feds are picking it up for year three and beyond, you will be in for literally billions of dollars of new obligations for funding, aren't you? >> exactly. we have estimated it anywhere from two and a half to four and a half billion dollars over a 10-year period. and we don't have any extra money like that lyi
remarkably however in the last week, suddenly regulations are pouring out of the bureaucrats in washington and hundreds of pages of them. but the bottom line is as you know having been a governor yourself that states that have to balance their budget such as the state of gorming george, we are struggling in this downturned economy to meet the obligations that we already have with regard to health care, particularly with regard to medicaid. to have an unknown cost factor thrust upon us is...
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quite a few of you were frustrate would the lack of action in washington. this is missy with her take on the men and women in congress. >> this whole fiscal cliff mess shows how incredibly out of touch you are with the way people really live in this country. you are off in la la land and everybody is saying how you are acting like a bunch of spoiled brats who are more interested in being right than in doing the right thing and actually representing the people who elected you. >> and another one that came up came from chris he sent in an opinion with which side needs to give a bit more in his negotiations. >> democrats and republicans need to come together. let's get real. president obama has already given a lot more ground than the republicans have. so, my advice to senator reid and president obama would be try to stop negotiations with republicans who, like spoiled children, have no interest in compromise. remember who won the election? >> well said. finally, alberto willy sent in this reminder that lawmakers are there to serve everybody and can be voted o
quite a few of you were frustrate would the lack of action in washington. this is missy with her take on the men and women in congress. >> this whole fiscal cliff mess shows how incredibly out of touch you are with the way people really live in this country. you are off in la la land and everybody is saying how you are acting like a bunch of spoiled brats who are more interested in being right than in doing the right thing and actually representing the people who elected you. >> and...
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thanks for watching "state of the union" i'm candy crowley in washington. if you missed any part of today's show, find us on itunes. just search "state of the union." stay with cnn for continuing coverage of the fiscal cliff negotiations. fareed zakaria "gps" is next. >>> the great french writer albert camel said life is a sum of all your choices. we're all defined by the choices we make every day, we make hundreds of them. paper or plastic, chicken or fish, most are mundane and require little thought, but others are agonizing, often life altering and then there are the decisions made by leaders. some of which have changed the course of history for better and some for worse. july 1776, the founding fathers decision to declare independence. january 1863, abraham lincoln's decision to emancipate all persons held as slaves. june 1941, adolf hitler's decision to invade the soviet union. august 1945, president truman's decision to use an atomic bomb against japan. tonight, we'll examine the process of making a tough decision. we'll hear about major decisions on
thanks for watching "state of the union" i'm candy crowley in washington. if you missed any part of today's show, find us on itunes. just search "state of the union." stay with cnn for continuing coverage of the fiscal cliff negotiations. fareed zakaria "gps" is next. >>> the great french writer albert camel said life is a sum of all your choices. we're all defined by the choices we make every day, we make hundreds of them. paper or plastic, chicken or...
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and so maybe when it comes to the relationships here in washington, it's a good thing that it's these two men that are working together and you're right, it does rest on their shoulders right now. >> dana bash, covering the stories for us on capitol hill. i have with me michael crowley, and a.b. stoddard and jessica yellen. >> it's great if the two can come to an agreement and the white house loves it, but it's always been the house that's been the sticking point. what do you think the scenario is there, a.b.? >> that's going to be tough for the house speaker. he said on friday in meeting with all the leaders and the president that he wanted to bring something up. might be amended and sent back to the senate. he doesn't know what's in there. how much money the democrats are going to push for to cover the medicare doc fix. the uninsurance -- excuse me, unemployment insurance that is going to lapse at the end of the year and put 2 million people out of reach of a check. and there's other issues. the alternative minimum tax. a lot of money that they're scrambling to find as they also dea
and so maybe when it comes to the relationships here in washington, it's a good thing that it's these two men that are working together and you're right, it does rest on their shoulders right now. >> dana bash, covering the stories for us on capitol hill. i have with me michael crowley, and a.b. stoddard and jessica yellen. >> it's great if the two can come to an agreement and the white house loves it, but it's always been the house that's been the sticking point. what do you think...
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house speaker boehner expected to call members of congress back to washington tonight. we'll talk to one of those congressmen and get his take on what he thinks will happen and measure his level of optimism. >> living paycheck by paycheck. i have five kids and that's going to put us way down in the hole. >> we have to do more than raising taxes. we have to make serious cuts and people have to contribute to our country. not just one bracket of people that have to do everything. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. >>> so in less than an hour, house speaker john boehner is expected to call congress members back to washington for a vote on a fiscal cliff deal. assuming one can be hammered out. joining me, one of those members james langford at the rotunda. give us the inside school in what do you make of the current impasse? >> 80s frustrating impass
house speaker boehner expected to call members of congress back to washington tonight. we'll talk to one of those congressmen and get his take on what he thinks will happen and measure his level of optimism. >> living paycheck by paycheck. i have five kids and that's going to put us way down in the hole. >> we have to do more than raising taxes. we have to make serious cuts and people have to contribute to our country. not just one bracket of people that have to do everything....
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will you stay in washington? >> my wife has her dream job, representing major league baseball and is on the sports coalition. i am from north dakota through him through. we will be going back-and-forth ala. -- a lot. i have committed to the speaking tour but that is it. beyond that, i don't know. maybe journalism. >> the way you said that, i doubt it. do you have any sense when you first turn on the tv to watch the senate and what will your reaction be? >> relief. [laughter] i will miss the opportunity to participate in debates. i have done this 26 years and i'm really ready to do something new. i will be respectful observer of what goes on here knowing how difficult is to get a result there and do your best and faithfully represent people who have sent you here. >> thank you for spending time with us. >> i enjoyed it. >> senator conrad will be replaced by heidi heitkamp. she will be the first woman senator from north dakota elected to the office when she takes office next week. both chambers of congress are in t
will you stay in washington? >> my wife has her dream job, representing major league baseball and is on the sports coalition. i am from north dakota through him through. we will be going back-and-forth ala. -- a lot. i have committed to the speaking tour but that is it. beyond that, i don't know. maybe journalism. >> the way you said that, i doubt it. do you have any sense when you first turn on the tv to watch the senate and what will your reaction be? >> relief. [laughter] i...
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"changes -- this is from "the washington journal." "many of these are expected to revert to clinton era levels." >> starting out the sunday shows, president obama with an interview on "meet the press." and their efforts in congress. here is what he had to say. [video clip] >> i am confident that we will see an agreement in the next 48 hours. if that does not happen, democrats in the senate will put a bill on the floor of the senate and republicans will have to decide whether or not they will block it, meaning that middle-class taxes go up. i do not think that they would want to do that, politically, but they may wind up doing that. if all else fails so that taxes go up on middle-class families on january 1, we will come back with a new congress on the fourth and the first bill on the floor will be to cut taxes on middle-class families. i do not think that the average person is one to say -- gosh, that is a really partisan agenda on the part of the president or democrats in congress. people will say -- that makes sense, that is what th
"changes -- this is from "the washington journal." "many of these are expected to revert to clinton era levels." >> starting out the sunday shows, president obama with an interview on "meet the press." and their efforts in congress. here is what he had to say. [video clip] >> i am confident that we will see an agreement in the next 48 hours. if that does not happen, democrats in the senate will put a bill on the floor of the senate and republicans...
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. >> tomorrow on washington journal, we will talk about the latest on the fiscal cliff with a columnist. that is followed by a look at president obama's cabinet for his second term. our guest is reporter david jackson. and then a look at what is next for iraq. we are joined by author michael gordon. live at 7:00 eastern on c- span. >> i started to get word in the summer and fall of 1774. the british out of roles and diplomats were reporting to the crown the colonists are sending ships everye
. >> tomorrow on washington journal, we will talk about the latest on the fiscal cliff with a columnist. that is followed by a look at president obama's cabinet for his second term. our guest is reporter david jackson. and then a look at what is next for iraq. we are joined by author michael gordon. live at 7:00 eastern on c- span. >> i started to get word in the summer and fall of 1774. the british out of roles and diplomats were reporting to the crown the colonists are sending...